Technical analysis @Caldera Official ($ERA /USDT) – 4H frame
1. Current trend
After a strong increase past $2, ERA has entered a downtrend and is currently fluctuating around the $0.84 – $0.85 region. This is an important support area, and the market is also waiting for a clearer signal.
2. Moving Average (MA)
MA7 (0.8437): close to price, indicating that short-term buying pressure remains balanced.
MA25 (0.8569): serves as near resistance, if the price breaks above it will open up short-term recovery opportunities.
MA99 (0.9595): still in a downtrend, showing that the market has no signs of reversal in the long term.
3. Notable price zones
Support: $0.83 – $0.84. If this area is broken, the price could continue to adjust to the $0.75 – $0.78 region.
Short-term resistance: $0.86 – $0.87 (coinciding with MA25).
Strong resistance: $0.95 – $1.0 (coinciding with MA99).
4. Possible scenarios
Scenario 1 (support maintained): If the price stays above $0.84 and surpasses MA25, the $0.95 – $1.0 zone could become the next target.
Scenario 2 (support lost): If it breaks below $0.83, the downtrend could pull the price down to $0.75 or lower.
5. Conclusion
ERA/USDT is in the process of testing an important support zone. Technical indicators suggest it may fluctuate in a narrow range in the short term, while still facing downward pressure in the long term. The market currently needs a clear signal (breaking resistance or falling support) to confirm the next direction.
@Caldera Official #Caldera #ERA
